Not necessarily that they’ve been doing everything wrong. More so just they realized they’re not satisfied with their life.
They realize that they’re not happy where they are and what they’re doing so they either get depressive (stop doing things, destructive behavior like obsessive drinking etc) or they do things they think will make them happy (buying fancy things, divorcing and remarrying young, affairs, etc).
It’s called a midlife crisis because it’s usually around 40 that they start realizing they’re not happy
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